By Kenneth Boyd

Get in control quickly—review and perform significant innovations in accounting!

Whether you are looking to enhance your lecture room event, or just develop into extra conversant in accounting ideas, 1,001 Accounting perform difficulties For Dummies is the hands-on instrument you want to get a step forward. The book's perform questions and assessment content material pass hand-in-hand with the content material provided in Accounting For Dummies, making sure that you've a operating wisdom of an important recommendations and abilities in accounting.

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Packed with unending perform possibilities, 1,001 Accounting perform difficulties For Dummies has every thing you must jumpstart your trip into accounting and fiscal documentation.

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Which of these accounts is an example of a commonly used contra asset? 152. What is the primary consideration when first setting up a chart of accounts? 153. What is a chart of accounts? 154. What type of account usually begins a chart of accounts? 155. What are the components of a chart of accounts? 156. What account does a business need in its chart of accounts to record expenses for renting its warehouse space? 157. What accounts does a business need in its chart of accounts to record sales to customers on account?

151. A provided list of accounts includes depreciation expense, accounts receivable, accumulated depreciation, accounts payable, and sales revenue. Which of these accounts is an example of a commonly used contra asset? 152. What is the primary consideration when first setting up a chart of accounts? 153. What is a chart of accounts? 154. What type of account usually begins a chart of accounts? 155. What are the components of a chart of accounts? 156. What account does a business need in its chart of accounts to record expenses for renting its warehouse space?

163. Why are certain accounts closed at the end of the year? 164. Which of the following accounts is a nominal account? accounts receivable inventory allowance for bad debt prepaid insurance rent expense 165. Which of the following is an example of a nominal account? interest income interest payable accumulated depreciation warranty accrual unearned revenue 166. Which of the following is an example of a real account? service revenue inventory cost of goods sold interest expense advertising expense 167.

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